Wage growth over the past year is at 2.9 percent – a slight decline from previous growth. While this decline is disappointing, wage growth over President Trump’s first term has been strong.

According to a recent Wall Street Journal op-ed, real median household income has grown by $4,144 or 6.8 percent since President Trump took office.

As noted in the op-ed, authored by Stephen Moore, real median household income is at an all-time high:

“Real median household income—the amount earned by those in the very middle—hit $65,084 (in 2019 dollars) for the 12 months ending in July. That’s the highest level ever and a gain of $4,144, or 6.8%, since Mr. Trump took office. By comparison, during 7½ years under President Obama—starting from the end of the recession in June 2009 through January 2017—the median household income rose by only about $1,000.”

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